SECOS Group Ltd ( (AU:MCO) ) has shared an update.
MyEco Group Ltd reported a 10.2% decline in Q3 FY25 sales compared to the previous corresponding period, primarily due to shipping delays and reduced resin and council sales. Despite this, the company saw a 63.6% increase in MyEco® branded global sales, driven by strong growth in Australia. The company remains optimistic about increasing overall group sales in the second half of FY25, supported by successful tenders and strategic focus on expanding its sustainable product offerings.
More about SECOS Group Ltd
MyEco Group Ltd is a leading developer and manufacturer of sustainable packaging and materials. The company focuses on producing eco-friendly products such as reusable compostable carry-bags, sustainable resins, and films, with a significant market presence in Australia and the USA.
YTD Price Performance: -21.74%
Average Trading Volume: 201,678
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.74M
Learn more about MCO stock on TipRanks’ Stock Analysis page.